Polyolefin Elastomer (POE) Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028

Polyolefin Elastomer (POE) Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028

Polyolefins are a class of polymers produced from olefins. Polyolefin elastomers (POE) are a relatively new class of polymers with recent developments in metallocene polymerization catalysts. Increasing demand from various applications such as packaging, medical, polymer modification, and others is expected to boost global polyolefin elastomer market during the forecast period.
Increasing awareness regarding food contamination is increasing the demand for packaging. According to Packaging Machinery Manufacturers Institute (PMMI), U.S., packaging machinery sector witnessed a 4.8% increase in the U.S. from 2015 to 2016, generating a revenue of US$ 9.8 billion, further propelling the country’s packaging industry and thereby global polyolefin elastomers market growth.
Market Dynamics
Among applications, the packaging segment is expected to hold significant market share in the global polyolefin elastomer market during the forecast period. In 2021, the segment accounted for 52.0% share in the global polyolefin elastomer market in terms of revenue. Moreover, polyolefin elastomer is used as a main ingredient in the molded flexible foam technology such as in the fabrication of spa pillows, arm rests, seat cushions, self-skinned footwear (crocs shoes), and others.
Among regions, Asia Pacific held dominant position in the global polyolefin elastomer market, in terms of revenue share, in 2021. This is owing to increasing production of automobiles and high use of polyolefin elastomer in making interior and exterior applications. It is used as an impact modifier for automotive components such as dashboards, door trims, instrumental panel, auto interiors, car bumpers, and others.
North America is expected to record fastest growth in the market over the forecast period. This is owing to increasing demand for automotive in the U.S. And Canada. The U.S. is one of the largest automotive markets at global level. According to the U.S. Department of Commerce, in 2016, the U.S. exported around 2.1 million light vehicles, which were valued at US$ 57 billion, to most of the countries across the globe, along with additional exports of automotive parts that were valued at US$ 80 billion. This industry also accounts for 3 to 3.5% of U.S. gross domestic product, which further drives growth of the polyolefin elastomers market in this region.
Key features of the study:
This report provides in-depth analysis of global polyolefin elastomer market and provides market size (US$ Million & KT) and Compound Annual Growth Rate (CAGR%) for the forecast period (2022-2028), considering 2021, as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global polyolefin elastomer market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include, Mitsui Chemical, Inc., LG Chem Ltd., RTP Company, Inc., DowDuPont Inc., PolyOne Corporation, Siloxane Aggrandize Innovative Industries, Dalmia Polymers LLP, Tricon Energy Inc., Borealis AG, and SK Global Chemical Co., Ltd., and others.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
The global polyolefin elastomer market report caters to various stakeholders in this industry including investors, suppliers, Polyolefin Elastomer manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the polyolefin elastomer market
Detailed Segmentation:
Global Polyolefin Elastomer Market, By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Global Polyolefin Elastomer Market, By Region:
North America
U.S.
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Canada
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Mexico
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
South America
Brazil
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Argentina
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Rest of South America
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Europe
Germany
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Italy
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
France
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Rest of Europe
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Asia Pacific
China
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
India
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Japan
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
South Korea
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Rest of Asia Pacific
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Middle East & Africa
Middle East
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Africa
By Application:
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Company Profiles
Mitsui Chemical, Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
LG Chem Ltd.
RTP Company, Inc.
DowDuPont Inc.
PolyOne Corporation
Siloxane Aggrandize Innovative Industries
Dalmia Polymers LLP
Tricon Energy Inc.
Borealis AG
SK Global Chemical Co., Ltd.
“*” marked represents similar segmentation in other categories in the respective section.